Empowering change-makers: Techspace's holistic approach to a sustainable future
People + Planet
Setting the scene
We care deeply about our fellow Techspacers, about serving our members and about our impact on the world.
At Techspace we are proud to consider ourselves the go-to place for pioneering tech and aspire to support change-makers as they shape the world around us. We know, however, we can’t deliver on this vision without acknowledging the importance of a holistic approach to a sustainable future.
As part of this, at the beginning of 2022 we embarked on a journey to embed sustainability into our business. Using the four pillars of ESG; People, Planet, Prosperity and Governance.
Below you'll also find our Net Zero Action Plan, outlining our commitments to measure and reduce emissions across our entire value chain including those beyond our direct operational control. Our responsibility, as we represent so many forward-thinking businesses, is to lead from the front, interrogate our business decisions and embed sustainability into the heart of our operations and policies.
Whilst this won’t be easy, not least as we have ambitious growth plans in the UK, Germany and other European markets, we also have a unique role to play in supporting our members to decarbonise through our shared workspace locations. As we work on our own strategy we also endeavour to support our members in establishing their own. At the heart of Techspace’s mission are our company values. One of our core values is the phrase; ‘We Care’. With this value at our core, we move forward into 2023 with a data-led approach as we quantify our impact and challenge ourselves to reduce our footprint and reframe expectations at every opportunity.
The 4 pillars of ESG
In building a Sustainability Strategy for Techspace we have drawn upon the four pillars of ESG as determined by the World Economic Forum in the paper ‘Measuring Stakeholder Capitalism Towards Common Metrics and Consistent Reporting of Sustainable Value Creation’ published in September 2020.
An ambition to end poverty and hunger, in all their forms and dimensions, and to ensure that all human beings can fulfil their potential in dignity and equality and in a healthy environment.
An ambition to protect the planet from degradation including through sustainable consumption and production, sustainably managing its natural resources and taking urgent action on climate change, so that it can support the needs of the present and future generations.
An ambition to ensure that all human beings can enjoy prosperous and fulfilling lives and that economic, social and technological progress occurs in harmony with nature.
Principles of Governance
The definition of governance is evolving as organisations are increasingly expected to define and embed their purpose at the centre of their business. But the principles of agency, accountability and stewardship continue to be vital for truly “good governance”.
Techspace's Sustainability Strategy
How we inform our sustainability position, future strategic direction and ensure that sustainability is authentically built into operational processes.
Our Net Zero Plan is an extension of our values that continue to underpin everything we do. Foremost – We Care. We care for our people, the planet, and the success of Techspace as a business. We want to grow our business whilst leaving the world a better place for future generations.
Our internal culture is the most important driver for net zero. We are proud that Techspacers have been a key driver behind our plans and want to work for a company that is prioritising the health of the planet, doing the right thing and protecting the environment for future generations. Techspace feels a duty to act responsibly to ensure that we can continue to attract exceptional talent into the business while ensuring current employees are proud to be working here.
Our members are why we exist. Due to the cascading responsibility embedded within net zero frameworks, increasingly our members expect Techspace to be measuring, reporting, and reducing carbon emissions as part of their own decarbonisation plans. According to a recent study, 75% of adults in the UK worry about climate change. Customers are calling for greater transparency from businesses to report and disclose their impact on the environment and the communities that they work within.
Having a credible net zero strategy is increasingly becoming the cost of doing business. We expect Landlords and Investors to increasingly require a clear and credible policy for net zero and sustainability in general. We believe that businesses that do not prioritise sustainability will be left behind, and are determined to be a leader in our sector. Prioritising net zero will enable Techspace to be resilient to external pressures and continue to grow into the future.
To attract investors and maintain their trust, we must prove our resilience amidst a climate emergency. ESG (Environmental, Social, Governance) metrics are increasingly being scrutinised to assess investment performance. By working towards net zero, Techspace is giving investors the necessary confidence that we will continue to decarbonise.
Measuring our impact
Techspace Certification Report 2022
Part of our commitment to this process is being open and transparent about our progress. You can find our certification report from last year below.